All posts tagged Angola

Australia-listed Minbos Resources is seeking up to 3 million Australian dollars (US$3.14 million) for working capital while it obtains a strategic funding partner, according to a term sheet seen by Deal Journal Australia.

The raising — led by Patersons Securities — is being conducted in two tranches at 14 cents a share, a 26.3% discount to the miner's last-traded price.

Minbos, which is developing phosphate and potash prospects in the Cabinda Province of Angola and Western Democratic Republic of Congo, entered a trading halt late Tuesday citing a capital raising.

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Deal Journal Australia is an up-to-the-minute take on the deals and deal makers that shape the Australian landscape, including mergers and acquisitions, capital raisings, private equity and debt markets. In short, wherever money changes hands. Deal Journal Australia is updated throughout each trading day with exclusive commentary, analysis, data, news flashes and profiles. The Wall Street Journal’s Gillian Tan is the lead writer, with contributions from other Journal and Dow Jones reporters and editors. Send news items, comments and questions to gillian.tan@wsj.com.

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